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How would you decide between the annual installments

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Reference no: EM133528679

Question: Explain briefly why YOU think why winning the $2.85 million for 30 years is not equivalent to winning $85.5 million.

The evening news interviewed a group of people the day after the winner was announced. When asked, most of them responded that, if they were the lucky winner, they would take the $46 million up-front payment. Suppose (just for a moment) that you were that lucky winner. How would you decide between the annual installments or the up-front payment?

 

Reference no: EM133528679

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